Lehman College Center for the Performing Arts Inc

Analysis

Lehman College Center for the Performing Arts Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 1981, 45 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lehman College Center for the Performing Arts Inc reported income of $2.1m and spending of $2.3m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.3m to $2.1m (-8.3%), an average of -2.1% a year. The sharpest change came in the year to June 2022, when income rose by 949%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lehman College Center for the Performing Arts Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Fresno Philharmonic Association ($2.1m), Orpheum Performing Arts Centre Ltd ($2.1m) and Preservation Hall Foundation Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 83% of the total. Other salaries and wages came to $561k. At year end it held assets of $1.4m against liabilities of $137k, net assets of $1.3m. It reported 114 employees.